Terrace has been providing advanced automation solutions for the insurance industry since our inception in 1993. We have designed numerous agency, broker, MGA, carrier, rating, claims, and re-insurance solutions for some of the largest insurance companies in the U.S. We understand insurance and we know that automating insurance processing and accounting can be a very complex business.
Agent & Broker System
Our Insurance Practice offers both software and custom development services. Our foundation software product is Terrace - a leading edge agent and broker system (a.k.a. AgencyInsight). Terrace is an innovative intranet application which is accessed via your browser. There is no need to install any software on users PC's so administration is simple and inexpensive. The system can be hosted either locally (in your offices) or remotely (at Terrace's offices). The heart of our system is our foundation client management system. The system provides powerful capabilities to streamline every aspect of servicing your clients.
The client management system is augmented by tailored sub-systems for Wholesale Insurance Brokers and Retail Insurance Agencies. Both these sub-systems provide tailored automation capabilities to facilitate marketing, management, servicing, and premium accounting.
Wholesale Brokers & MGA's
Our wholesale broker system was designed by wholesalers to provide a unique end user experience for wholesale brokers & MGA's. The system tracks retail agencies, insureds, markets, carriers, and payees. Automated submission management eliminates redundant data entry and tracks vital statistics and hit ratios. Information flows from the submission to the policy and to the invoicing process. Policy management and claims tracking is simple and logical. Extensive reporting makes it easy to stay on top of expirations and other important information. Our wholesale insurance broker system is well suited for wholesale insurance brokers and MGA's of all sizes.
Retail Agencies & Benefits Brokers
Our system was designed by large retailers and employee benefits brokers specifically to support complex commercial lines, employee benefits, and basic personal lines processing. The system provides powerful automation capabilities to accelerate marketing and streamline policy servicing. Our advanced document handling capabilities enable our customers to pump system information to any standard or non-standard document throughout the work flow process. The system's powerful premium accounting delivers a variety of accounting and invoicing options to support the range of ways retail agencies collect revenues. Our system is particularly well suited for agencies who offer commercial lines and employee benefits for large and small insureds.
Terrace offers complete consulting services for our insurance clients. Our software implementation services follow a proven, standard plan to put your new system up fast and with little disruption. We take full responsibility for data conversion, system set up, implementation, and training.
Our consulting staff also offers highly effective custom development services. We work with customers who require tailored technology solutions to provide the right solution for each and every insurance automation challenge.